Sports betting company DraftKings apologized Monday after using the Sept. 11, 2001, terror attacks to entice people to bet on baseball and football games on the anniversary of the tragedy that killed nearly 3,000 people. The Boston-based company offered users a 9/11-themed promotion that required three New York-based teams —… Read More
SpaceX can’t relaunch giant rocket until fixes are made, FAA says
SpaceX must take a series of steps before it can launch its mega rocket again after its debut ended in an explosion, federal regulators said Friday. The Federal Aviation Administration said it closed its investigation into SpaceX’s failed debut of Starship, the world’s biggest rocket. The agency is requiring SpaceX… Read More
Disney, Spectrum direct customers to other TV services amid dispute with ESPN
Both sides of a dispute that has left nearly 15 million cable TV subscribers without ESPN or other networks affiliated with The Walt Disney Co. are directing customers to other services where they can watch television. The offers speak to the unusual nature of the business dispute between Disney and… Read More
Mortgage rates fell for the second week in a row
The average long-term U.S. mortgage rate fell again this week, but remains near the 22-year high it hit three weeks ago, little relief for house hunters facing persistently high prices and a near-historic low number of homes for sale. Mortgage buyer Freddie Mac said Thursday that the average rate on… Read More
Roku to cut about 10% of its workforce amid changing expectations
Roku is cutting about 10% of its workforce, or 360 people, and it will limit new hiring as it cuts costs to stem a series of quarterly losses. The streaming platform also said in a regulatory filing Wednesday that it expects adjusted third-quarter revenue of between $835 million and $875… Read More
Disney’s feud with cable company leaves 15 million subscribers in the dark
A company representing nearly 15 million cable subscribers and The Walt Disney Co. blamed each other Friday for a dispute that has cut off Disney-owned stations to viewers on the eve of a big sports weekend for U.S. Open tennis and college football fans. The dispute between Disney and Charter… Read More
Wassup? A surprising new report on “Go Woke, Go Broke”
by Frank Holmes, reporter If you plan on cracking open a cold one to relax on Labor Day, it’s a pretty safe bet which beer brand you won’t be sipping. New economic reports shows the easiest way to wreck your company’s financial future, put people out of work, and destroy… Read More
Walgreens CEO exits amid shockingly rapid turnover
The CEO of Walgreens Boots has stepped down after less than three years at the helm of the drug store chain that is undergoing a sizeable transformation, one that has come at a cost. Walgreens Boots Alliance confirmed Rosalind Brewer’s exit Friday. According to the Illinois company, the board of… Read More
Food ads are in the crosshairs as Burger King faces lawsuits for false advertising
Food ads have long made their subjects look bigger, juicier and crispier than they are in real life. But some consumers say those mouthwatering ads can cross the line into deception, and that’s leading to a growing number of lawsuits. Burger King is the latest company in the crosshairs. In… Read More
Publishers’ release schedule reveals fewer political books
One year ahead of the 2024 election, don’t expect many new books about the presumed front-runners, President Joe Biden and former President Donald Trump. The wave of Trump releases that began six years ago with his presidency has subsided, with Jonathan Karl’s “Tired of Winning” and former White House aide… Read More
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